The Pr. Commissioner Of Income Tax v. M/S. Zuari Agro Chemicals Ltd.,

Niti

IN THE HIGH COURT OF BOMBAY AT GOA

TAX APPEAL NO.24/2024 WITH CROSS-OBJECTION NO.3057/2024(F), TAX APPEAL NO.20/2024 WITH CROSSOBJECTION NO.3054/2024(F), TAX APPEAL NO.29/2024, 17/2024 WITH CROSS-OBJECTION NO.3059/2024(F), 25/2024 WITH CROSS-OBJECTION NO.3056/2024, 28/2024, 19/2024, 18/2024, 22/2024, 9/2024, 21/2024, CROSSOBJECTION NO.3055/2024(F) IN TAX APPEAL NO.23/2024 TAX APPEAL NO.24/2024 OF INCOME TAX ...APPELLANT COMPANY PVT. LTD.

.... RESPONDENT CROSS-OBJECTION NO.3057/2024(F) TAX APPEAL NO.20/2024 COMPANY PVT. LTD. ...APPELLANT OF INCOME TAX .... RESPONDENT TAX APPEAL NO.20/2024 COMPANY PVT. LTD. .... RESPONDENT CROSS-OBJECTION NO.3054/2024(F) TAX APPEAL NO.20/2024 COMPANY PVT. LTD. ...APPELLANT OF INCOME TAX .... RESPONDENT TAX APPEAL NO.29/2024

M/S. ZUARI AGRO CHEMICALS LTD. .... RESPONDENT TAX APPEAL NO.17/2024 OF INCOME TAX ...APPELLANT COMPANY PVT. LTD. .... RESPONDENT CROSS OBJECTION NO.3059/2024(F) TAX APPEAL NO.17/2024 COMPANY PVT. LTD. ...APPELLANT OF INCOME TAX .... RESPONDENT TAX APPEAL NO.25/2024 OF INCOME TAX ...APPELLANT COMPANY PVT. LTD. .... RESPONDENT CROSS OBJECTION NO.3056/2024(F) TAX PPEAL NO.25/2024 COMPANY PVT. LTD. ...APPELLANT OF INCOME TAX .... RESPONDENT TAX APPEAL NO.28/2024 OF INCOME TAX ...APPELLANT ZUARI AGRO CHEMICAL LTD. .... RESPONDENT TAX APPEAL NO.19/2024

OF INCOME TAX ...APPELLANT M/S. COLORCON ASIA PRIVATE LIMITED .... RESPONDENT TAX APPEAL NO.18/2024 OF INCOME TAX ...APPELLANT M/S COLORCON ASIA PVT.

LTD. .... RESPONDENT TAX APPEAL NO.22/2024 OF INCOME TAX ...APPELLANT COMPANY PVT. LTD. .... RESPONDENT CROSS-OBJECTION NO.3053/2024 (F) TAX APPEAL NO.22/2024 COMPANY PVT. LTD ...APPELLANT OF INCOME TAX .... RESPONDENT TAX APPEAL NO.9/2024 COLORCON ASIA PVT. LTD. .... RESPONDENT TAX APPEAL NO.21/2024 COMPANY PVT. LTD. .... RESPONDENT CROSS-OBJECTION NO.3058/2024(F) TAX APPEAL NO.21/2024

COMPANY PVT. LTD. ...APPELLANT OF INCOME TAX .... RESPONDENT AND CROSS-OBJECTION NO.3055/2024(F) TAX APPEAL NO.23/2024 COMPANY PVT. LTD. THR.

POA SANDEEP DABHOLKAR ...APPELLANT OF INCOME TAX .... RESPONDENT Ms Amira Razaq, Standing Counsel for the Appellants in TXA Nos.24/2024, 20/2024, 29/2024, 17/2024, 25/202428/2024, 19/2024, 18/2024, 22/20249/2024 & 21/2024.

Mr Harsh Kapadia with Mr Jayant U. Karn, Advocates for the Appellants in XOB No.3057/2024(F), 3054/2024(F), 3059/2024(F), 3056/2024(F), 3053/2024(F), 3058/2024(F) & 3055/2024(F) and for Respondents in TXA Nos.17/2024, 20/2024, 21/2024, 22/2024, 24/2025 and 25/2024. Mr Vishal Kalra (through V.C.), with Ms Singdha Gautam (through V.C.) and Ms Suprit Dessai, Advocate for Respondent Nos.9/2024, 18/2024 and 19/2024.

Mr Arjun Jain (through V.C.) with Ms Ketaki Pednekar, Advocates for Respondent Nos.28 and 29 of 2024. CORAM :

BHARATI DANGRE & ASHISH S. CHAVAN, JJ.

DATE :

25th SEPTEMBER 2025 ORAL ORDER : (Per Bharati Dangre, J.) 1.

2.

3.

4.

ASHISH S. CHAVAN, J.

BHARATI DANGRE, J.

Signed by: NITI KISHOR HALDANKAR Designation: Private Secretary Date: 01/10/2025 11:16:18